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20121228
20121228
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price in recession and the prospect of a down grade of u.s. debt once again, back on the table. bob, head of fixed income for vanguard with about three quarters of a trillion dollars under management in money market and bond as sets. bob, i don't know how you sleep at night given the pressure of handling that much money. think about that often. good to see you. >> good to see you. dagen: bob, what do you think of what's happening? washington? what happens in the bond market if recession becomes more likely? >> well, clearly, volatility kicks up a lot, and you're going to see decline in treasury yields and probably a rise in the spread differentials of corporate bonds and other credit backed bonds relative to treasuries so it's not going to be a pretty picture for our bond holder. you know, that said, they are ultimately going to fix this, by they will put us through hell in between. dagen: bob, looking at the -- all the classes of fixed income, the out performance over treasuries in all grades of corporates, even in municipal bonds, but particularly, you start looking at the lower g
's forces out of kuwait in 1991. bob scales on the phone with us now. general scales you wrote a book called certain victory and you have a lot of knowledge of the history of the iraq war but personal knowledge with this man. you call him truly the first great american hero after vietnam. your thoughts? >> that is exactly right, harris. remember, i come from the same generation as general schwarzkopf and the vector was the vindication of my generation report vietnam generation because it was our first great military victory after defeat in vietnam and he took that personally. i knew general schwarzkopf well, going back to his time as a major in the pentagon. he also carried in his sack this rock that had the sigma that went with the defeat in vietnam. when defeated the iraqi military in the plains of iraq, when was able to do that one of the first things he said at the truce tent was this is a vindication for my generation, harris. so detail on his life, general scales, many people may not know. he was born in trenton, new jersey. in fact, his father founded and was heading the new jersey st
morning cincinnati, bob herzog called dance party friday every week. >> juliet: wiggle, wiggle, wiggle, wiggle. thanks, you guys. we'll see you on "the five" today. >> kelly: see you. gregg: last-ditch effort for a compromise in washington today days before a new year's deadline to reach a deal or watch the economy go off the cliff. i'm. patti ann: i'm patti ann browne. they will try to avoid the across the board tax hikes for 90% of the american households and deep spending cuts. so far little to no progguess has been reported. gregg: chief white house correspondent ed henry is in the white us. ed, what do we expect out the meeting if any at all? our expectations are a little bit low. >> reporter: you're exactly right, gregg, expectations have to be low. lawmakers of both parties in conjunction with the president have missed one deadline after another. we have been saying for a couple weeks they had to get moving get this completed before christmas in order to give the house and senate time to debate and end up voting on whatever package they come up with. now that we're days away fro
to bring in mr. bob packer. you're a small business owner in herndon, virginia. tell me real quick, if there's no how will it affect your business? >> if tax rates income it will affect me a number of ways. it will hammer my ability to invest in equipment and hire new people. my individual tax rate will increase and that will put additional strain on an already financially-constrained environment and taxes will increase on my customers and that will prevent them from buying my products which reduces my revenue which, in turn, reduces the tax revenue. >> that being said, the small business owner community is very big but a lot of you guys know each other. what is the consensus? what is the talk among you guys about what's going on right now? >> i've worked with a lot of small business owners and i think really, a vast majority of those owners are in favor of keeping the tax cuts in place. they're also in favor of letting them expire on the wealthiest of vitds in this country and we think that's what's going to stimulate the economy. >> mr. packer we thank you for your time, again. e
reporter for good morning, cincinnati, bob herzog, holds dance party friday every week on the extra mile. nome to give traffic updates, but certainly to entertain as well. he's doing a good job. >> kelly: i sense someone is going to pick that up and run with it. >> juliet: oh, yeah. he's all over the internet. i followed him on twitter. all righty. so i'm not going to sing to this because it's a serious story. this is the storm we're talk being that killed 16 people so far. it's moving up into the canadian area. canceled 1,000 flights for people returning home for the holidays and a bunch more were delayed. let's go to maria molina live in the weather center. >> thankfully that storm is exiting the northeast, lingering snow showers across maine. we have yet again another storm system that we're tracking across the center of the country and it's kind of disorganized now. you have one area of it. that's just producing snow across parts of the midwest and the great lakes, and then another section of it that's producing rain in areas further south. the snowfall across wisconsin, northern par
Search Results 0 to 4 of about 5